The Exchange National Bank of Colorado Springs v. Raymond Hough, as Trustee

BREITENSTEIN, Circuit Judge.

In this bankruptcy proceeding the decision depends upon the validity, as against the appellee trustee, of a chattel mortgage given by the bankrupt, Atomic Research Corporation, to the appellant bank. The bankrupt was in business at Colorado Springs, Colorado, where it made and sold Geiger counters and other electronic devices for the detection of radiation. It borrowed $30,000 from the bank on the security of a chattel mortgage and certain stock assignments. Prior to the expiration of the mortgage term, the mortgagor filed a voluntary petition in bankruptcy in the…